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Seven rental incomes with upside, weekly rental income of $250.00 per unit equates to a healthy $91,000 pa. But an independent rental appraisal of $270.00 per week per unit equates to $98,280 pa. Massive 8.19% gross yield on the asking price. It's a banker's delight. 7 excellent, large one-bedroom units, nestled on 2,024m2 freehold real estate in two titles Purpose-built for longevity, summit-stone brick exterior, colorsteel roof, and aluminium windows.
Each unit is complemented with a single carport, off-street parking, and lockable shed, and are all fully furnished. Lovely easy-care grounds provide the occupants with a warm environment in which to live.
An in-demand property from prospective tenants, which is demonstrated by the property's high occupancy rate, thus creating a hassle-free investment.
Professionally managed, this is the perfect acquisition for an absentee investor or local investor.
56 Owhanga Road, Owhango, Ruapehu is just 15 minutes from National Park and Taumarunui.
All Healthy Homes Certificates are in place. This is uncomplicated real estate.
Contact the listing agent for an information pack.
PLEASE NOTE: All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents.